Economy of the European Union

Food Prices in Bulgaria Are Close to the Average for Europe

The prices of some of the main commodities in Bulgaria are now close to the average for Europe. This shows Eurostat data on prices in Bulgaria compared to the average European ones, Nova TV reported. Prices for milk, cheese and eggs reach 98% of the Union average. That's how we take the tenth place in the Union.

Greek yields decline to historic lows

Greek sovereign bond yields posted a rapid decline on Wednesday despite the mild trend observed on other eurozone markets, a day after the strong rally on statements by European Central Bank chief Mario Draghi. This illustrates that investor sentiment toward Greek assets has changed, as they attract an increasing number of foreign portfolios.

EBRD names Alpha most active issuing bank

The European Bank for Reconstruction and Development (EBRD) has named Alpha bank and the Most Active Issuing Bank in 2018 in Greece.
This is the second year in a row that Alpha has earned this distinction, which concerns the promotion of international trade in Greece and highlights Alpha's successful participation in the EBRD's Trade Facilitation Program.

ESM urges Greece to stay on path, boost growth-oriented policies

Greece has made big progress in restoring sustainability to its public finances, strengthening the banking sector's resilience, and improving the economy's competitiveness last year but it needs to remain on track and adopt more growth-oriented policies, the European Stability Mechanism (ESM) said in its annual country report on Thursday.